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The Stresemann: A Major Crisis In Germany

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Stresemann was a nationalist and a right winged chancellor. Stresemann was significant since he fixed or organized many problems, for example, the reparation payments and the Hyperinflation. He did both good and bad things that affected both Germany and the people. When he died, everything that he did to improve Germany, did not last very long so he wasn 't that significant. But that statement could be debatable.

Hyperinflation (1923) was a big problem in Germany. It was a big problem everywhere. Both rich and poor, woman and men were suffering from it severely. This is because the government printed out even more money so that he could pay off the reparations. However, as the government printed out more money, the money lost it’s value, so it basically became worthless. And because of this, the prices for food became too high. Most people that were unemployed and were now, homeless, could not pay this amount so they starved. When Stresemann took control, the Hyperinflation was a major crisis in Germany. Stresemann had a solution for this. He thought of creating a new currency called the Rentenmark to replace the other currency. Stresemann kept the hyperinflation …show more content…

The Wall Street Crash was probably one of the biggest stock market crash of America. The crash caused the Great Depression as well and it affected all the Western industrialized countries. The Wall Street Crash did not end in America until the end of 1941. A lot of people lost their jobs, more than 13 million people, after when all the banks crashed. The Wall Street Crash had an overwhelming impact on the American economy because America gave enormous loans to the Weimar Republic in 1924 and also in 1929. So what ever happened to the American economy should’ve impacted the Weimar Republic’s economy. The Dawes Plan and the Young Plan had given money to the Weimar Republic, but now America needed the loans back so that they could aid their

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By Hindenburg and Von Papen giving Hitler the role of Chancellor – thinking that Hitler can be easily manipulate. Furthermore, without the Great Depression and its world-wide economic crisis, the Nazi party would have remained a small political group without much of a say in the government like it had been from 1924 – 1928. During this period, Germany was slowly but surely recovering from the hyperinflation period. The Nazi fed off this Depression a gain a foothold in the

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There began to be a gradual decline in prices and the stock market ruptured. On October 24, 1929, the infamous “Black Thursday” took place, where stock holders went on a panic selling spree. Things then went from bad to worse, stock prices went down 33 percent. People stopped purchasing goods and business investments decreased after the crash. In the fall of 1930, the first of four major waves

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